This Special Edition of Cotton Newsline contains 4 cuts. All cuts are Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council.
Suggested introduction cut 1:
The Senate returned to debate on the 2007 farm bill on Friday under an agreement that up to 40 amendments could be considered – 20 from each side of the aisle. Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council says the Grassley-Dorgan amendment if enacted will jeopardize the ability to obtain production financing.
Suggested introduction cut 2:
Adams is urging all producers to contact their Senators.
Suggested introduction cut 3:
Adams says the Klobuchar (klo-bah-char) amendment would deny all commodity program benefits to an individual whose three year average adjusted income exceeds $750,000.
Suggested introduction cut 4:
Adams is asking producers to stress to their Senators that the Ag Committee’s bill includes significant reforms to payment limitations and reduces the adjusted gross income test by 60% by 2009.